A comparative analysis of Indian and Chinese FDI into Africa: The role of governance and alliances
基于2008-2018年数据，比较印度和中国对非洲的直接投资，发现印度偏好治理良好的东道国，而中国则不受治理标准影响，印度英联邦成员身份影响其投资，中国一带一路倡议则无此作用。
This paper adopts and extends the theoretical lens of institutional imprinting to international business research. It analyses a secondary data set on Indian and Chinese foreign direct investment (FDI) flows to Africa, compiled for the period ranging from 2008 to 2018, to highlight the distinctiveness of Indian FDI. It argues that Indian FDI streams into better governed host countries with controlled corruption and high standards of accountability. This is in striking contrast with Chinese FDI, which is impervious to host country governance standards in its geopolitical quest for gaining economic supremacy in the region. India’s membership of the Commonwealth (CW) plays a vital role in the location and volume of its investments to Africa, whereas the Chinese Belt and Road Initiative (BRI) wields no influence on the location of its investment.